Today TaxMama® hears from someone offline with this distressing observation. “A client for whom we do payroll has an entire team of high-powered accountants and attorneys. They got together and reviewed our client’s several business entities and decided to close a certain company as of the end of 2012.buy elavil online blackmenheal.org/wp-content/languages/new/mg/elavil.html no prescription However, […]
Category Archives: *Tax Quips
Today TaxMama® hears from Eliezer in the TaxQuips Forum with this interesting question. “Many non-profit organizations run raffles with great prizes. Sometimes the raffle tickets can get pricey (>$100) and the entrants want to deduct these amounts as charitable contributions to the non-profit organization. Assuming the entrant did not have any winnings, is there any situation […]
Today TaxMama® hears from CotoPop in the TaxQuips Forum with a good question. “A client purchases a high end car in January, 2010 (,000).buy canadian stromectol online cpff.ca/wp-content/languages/new/canadian/stromectol.html no prescription It is only used for personal purposes in 2010 and 2011. In January 2012 client starts a new business and uses the car 80% for […]
Today TaxMama® hears from Eliezer in the Tax Quips Forum with this question. “A client owes the IRS about $200 from 2011 taxes. He filed on extension and they sent him a notice for his balance due including penalty and interest, which is due Dec 10. I tried counseling him to pay what he could […]
Today TaxMama® hears from Sue in the Tax Quips Forum with this issue.https://theoryofknowledge.net/wp-content/languages/new/writing-services.html “My parents are both unemployed and lived with me all year. My dad did receive unemployment, but it was about $3,300 for the entire year – my mom did not receive any unemployment. My younger sisters also lived with me – they […]
Today TaxMama® wants to talk about business-related gift-giving for the holidays .
Today TaxMama® hears from Excel in the TaxQuips Forum with an interesting question. He asks how to write off his travel. You can read my answer to him in the TaxQuips Forum. But what I’d like to do today is to provide more general tips about how be a legitimate travel writer – for tax […]
Today TaxMama® hears from Tax455 in the TaxQuips Forum with this question. “If I earned k through eBay buying and selling phones, and k was profit, should I get a business license or incorporate for tax purposes?buy xenical online www.adentalcare.com/wp-content/themes/medicare/fonts/engl/xenical.html no prescription I did not hit the 200 transactions so I’m not sure if eBay […]
Today TaxMama® hears from BlueSage in the TaxQuips Forum with this question. “Is it better to declare 20 children and then store the tax one would pay in an investment account, and use that money to pay taxes at year end? Or is it better to declare the right amount of children, pay as you […]
While we’re waiting for the TaxQuips Forum to go back up, today TaxMama® wants to discuss what to do when you get an IRS audit notice.buy lasix online cpff.ca/wp-content/languages/new/mg/lasix.html no prescription
Today TaxMama® wants to have a little fun while I am waiting for all my emails to download. During our Thanksgiving vacation, I had time to do some reading. Let me introduce you to Diane Kelly, a CPA and writer – and her very interesting protagonist, Tara Holloway, a rather feisty IRS Special Agent.
Today TaxMama® hears from Shar in the TaxQuips Forum, with this observation. “If you start an LLC and elect to have it be taxed as a C-Corp, does this election require you to follow all the ongoing requirements of your state for maintaining a C-Corp (corporate minutes, complete set of books, etc.)? Or can you […]